27 Nov EPA Said to Hold Biofuel Quotas for Gasoline Steady for 2019 The Trump administration is set to order refiners to use 15 billion gallons of conventional renewable fuels such as corn-based ethanol next year, resisting oil industry pressure to lower the mandate, according to three people familiar with the plans. Read more...
27 Nov Consumer Confidence Cools in November From 18-Year High U.S. consumer confidence fell in November for the first time in five months, cooling from an 18-year high, as optimism dimmed for business conditions and incomes. Read more...
27 Nov Alpine SG Acquires E-Courier Software Alpine SG, a portfolio company of Alpine Investors, has acquired e-Courier Software, which provides last-mile delivery software solutions, according to a Nov. 20 press release. Financial terms were not disclosed. Read more...
27 Nov Holiday Online Sales Surge, but Profit Margins Concern Retailers The initial Black Friday results have reinforced that this U.S. holiday shopping season will be one of the best in recent memory. But even in good times, there are concerns for retailers. Read more...
27 Nov Army Corps Awards Charleston Harbor $41.4 Million More for Deepening Project The Army Corps of Engineers will grant $41.4 million to the Charleston Harbor Deepening Project in its 2019 work plan, helping to get the South Carolina port to 52 feet deep, the Corps of Engineers said in a Nov. 21 press release. Read more...
27 Nov Telematics Firm Fleet Complete Gets Investment From Ontario Teachers’ Pension Plan Fleet Complete, a Toronto-based provider of vehicle telematics and driver management software with operations in North America, Europe and Australia, has received an investment from Ontario Teachers’ Pension Plan. Read more...
27 Nov Logistics Solutions Provider Pickup Closes $5 Million Funding Round Pickup, an on-demand last-mile logistics solutions provider, has closed a $5 million funding round, according to a Nov. 13 press release. Funds from the round, led by TDF Ventures and Noro-Moseley Partners, will be used for market expansion, growing the product platform and adding staff in key areas. Read more...
27 Nov Renault-Nissan Seek to Fill Power Void With Ghosn Dismissed Renault SA and Nissan Motor Co.’s auto alliance is threatened with disarray over a rift between the partners about how to fill a leadership vacuum as its chairman, Carlos Ghosn, remains in custody in Japan. Read more...
27 Nov Trump Signals US Is Likely to Proceed With China Tariff Increase President Donald Trump said he’ll likely push forward with plans to increase tariffs on $200 billion of Chinese goods, indicating he would also slap duties on all remaining imports from the Asian nation if negotiations with China’s leader Xi Jinping fail to produce a trade deal. Read more...
27 Nov Ryder Buys 900 Commercial Electric Vehicles from Chanje Ryder System Inc. announced it is buying 900 Class 5 electric vehicles from truck maker Chanje Energy Inc., and that FedEx Corp. will lease the vehicles from Ryder and buy 100 of the same all-electric trucks itself. Read more...